Dublin Industrial Market Dynamics, Q2 2025

Q2 2025 recorded relatively robust industrial leasing volumes with 624,000 sq.ft. This was a slight increase of 3% from Q1, but the number of deals fell 21%.

Digging into the data, H1 2025 volumes are down by 13.3% relative to the ten-year H1 average, and the deal count is down 30% during the same period. However, H1 2025 is up 137% from the same period in 2024. 2025 has so far outperformed initial forecasts for the year.

Supply is expected to remain constrained in the near future, with a limited development pipeline primarily consisting of pre-let or built-to-specification projects. At the end of June, there were over 640,000 sq.ft. marked as reserved and many in advanced stages of sale agreed. If current trends continue, the market will likely surpass 2 million sq.ft. by the end of 2025.